Social Development Minister Paula Bennett said superannuation rates will be further adjusted to bring them up to 66% of the net average wage.
That means superannuation and veteran's pension rates would go up by 2.31% in total.
"National promised to maintain super and veteran payments at 66% of the net average weekly wage and we're delivering on that promise," Ms Bennett said.
Welfare benefits, foster care allowance, student allowances and loans will also increase from tomorrow and income thresholds for the Community Services Card will rise as well.
The increase in the rates of benefits and allowances reflects the 1.96% change in the Consumers Price Index for the last calendar year.
"These changes will increase New Zealand's spending on benefit and pensions by more than $240 million per year."
